November 18, 2017

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Fujitsu Forecasts Utilization Rates of Shared Cars to Surpass 50 Percent by 2030

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SUNNYVALE, Calif., Nov. 15, 2017  /PRNewswire/ — Fujitsu America, Inc. expects that by 2030, a majority of shared cars on the road will have utilization rates above 50 percent—a significant jump from the current utilization rate of five percent1. As Mobility-as-a-Service (MaaS) becomes a reality in the day-to-day life of consumers, there will be a need for improved driving efficiency and increased usage of cars that currently spend 95 percent of their lives parked.

“We’re beginning to see the emergence of a technology-led digital transformation with consumer purchase habits shifting from the must-have car to the shared mobile device offering transportation options. As intelligent mobility continues to mature, MaaS providers will need to find innovative ways to maximize the uses of their autonomous fleets going beyond providing passenger services by expanding into areas such as parcel delivery and environmental services,” said Paul Warburton, global head of automotive at Fujitsu America, Inc. “The success of a MaaS provider will be determined by how much utilization they can gain from their accessible fleet, the value they can offer and the agility to meet the evolving demands of an instant gratification society. If car companies wish to lead this digital transformation, they will need to be quick to change and willing to see the automobile as enabling technology and not the primary value proposition as it has been.”

Innovation and Collaboration Wins the Race
According to Frost & Sullivan, more than 20 million vehicles could be removed from the road annually as a result of growth in new mobility services2. To stay competitive in this new landscape, it is crucial that car manufacturers think beyond the traditional ecosystem of making and selling cars and drive innovation into a digitally transforming auto industry. By partnering more closely with IT vendors, car companies can benefit from the process of co-creation to guide their business decisions with the goal of providing new environments that quickly address the digital demands of the modern-day consumer.

Yours, Mine and Ours
MaaS has been steadily growing, with the U.S. carsharing market roughly doubling in five years to achieve $400 million annual revenue in 2015 3. Motorists of the future will have more options in how they access cars; most will either buy one and rent it out to other drivers or join a subscription-based service, which will give them access to multiple types of cars. Under the subscription

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